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Hi Phil, to clarify when you say come back for within the timeframe. What is that timeframe please.
I have loans between 2015-2016 and 2016-2017.
Thanks. At present I do not have any open enquiries from HMRC.
Hi there. I am having trouble trying to do the maths on my taxable loans. Will someone be able to advise how to use/an approximate amount of tax I would have to pay on the below loans for each year.
2015-16-35,866
2016-17-64,472
If I settle will these be treated at 25% tax on both items. Never...
Thanks for all your feedback everyone.
I am slightly confused about the information related to NICS. I assume this is extra tax to pay once I choose to settle and if so, will I be able to find this on my tax return whether or not I have already paid this? Thanks.
Thanks Phil. I am leaving the scheme in any case but it would be interesting to know.
Sorry couple more questions, given my loans are unprotected what does that specifically mean HRMC either can or cannot do?
Also if I declare on one year and not the other (as I am working out if this is...
Hi Phil, thanks for the comments. Can you please elaborate slightly on the last point. Various folks have told me that payments from SPM coming via Malta are not subject to the charges for that HMRC see the same.
Yup agree. I didn't claim any expenses either on any of my years because was advised against it. I am having troubles trying to work out how to use the tax calculator.
Can someone explain to me what documents I need in front of me to plug in the numbers and where I do this. Cheers
Thanks Loan Ranger.
Given my loans are unprotected what does that specifically mean HRMC either can or cannot do?
Also if I declare on one year and not the other (as I am working out if this is indeed taxable) how does HMRC find out? They will rake in billions it seems from others.
HMRC contractor Loan harge
HMRC contractor Loan harge
Dear Phil,
I have been following your advise on here for a while and wanted to reach out. I was hoping you might be able to advise on the below queries if possible.
I joined SP Management in 2013 for 3 months. Following that I was in a...